Breach of License Agreement. Licensee’s Events of Default:
15.2.1. Following shall be considered as Material Breach of the License Agreement by Licensee resulting in Licensee’s Events of Default:
a. If the Licensee has failed to perform or discharge any of its obligations in accordance with the provisions of License Agreement, unless such event has occurred because of a Force Majeure Event, or due to reasons solely attributable to Maha-Metro without any contributory factor of the Licensee.
b. If the Licensee fails to pay Annual License Fee, utility charges,common area charges, penalty or Damage herein specified or any other dues to be paid by the Licensee to Maha-Metro by the stipulated date.
c. If the Licensee during pendency of the License Agreement becomes insolvent or is put under receivership by a competent court.
d. If the Licensee is in persistent non-compliance of the written instructions of a Maha- Metro officials.
e. If the Licensee or any of its representatives cause an incident or accident that results in injury or death to Maha-Metro employees/ commuters or loss to Maha-Metro property.
f. If the Licensee is in violation of any of the other Clauses of License Agreement and after three written notice (unless otherwise specifically mentioned therein) from Maha-Metro fails to cure the Default to the satisfaction of Maha-Metro.
g. If any representation made or warranties given by the Licensee under this Agreement is found to be false or misleading.
h. If the Licensee engaging or knowingly has allowed any of its employees or agents to engage in any activity prohibited by law or which constitutes a breach of or an offence under any law, in the course of any activity undertaken pursuant to this Agreement.
i. If the Licensee has created any encumbrance, charges or lien in favour of any person or agency, over the Licensed Space except expressly permitted under this Agreement.
j. If a resolution for voluntary winding up has been passed by the shareholders of the Licensee.
k. If any petition for winding up of the Licensee has been admitted and liquidator or provisional liquidator has been appointed or the Licensee has been ordered to wind up by Court of competent jurisdiction, except for the purpose of amalgamation or reconstruction with the prior consent of Maha-Metro, provided that, as part of such amalgamation or reconstruction and the amalgamated or reconstructed entity has unconditionally assumed all surviving obligations of the Licensee under this Agreement.
l. If the Licensee ...
Breach of License Agreement. The Licensee acknowledges and agrees that any breach of this License Agreement will solely place the responsibility on the Licensee to repair any damages that may have happened during the contract term, or any instances related to the breach that will occur after termination date of the contract. After receiving a written termination notice from the Licensor and/or the Licensor’s attorney, the Licensee will have five (5) business days to rectify any issues, problems, damages, or any breach of any sort that has occurred during this Contract Agreement. At the end of the Fifth (5th) business day, if the Licensee has not resolved or attempted to resolve any alleged breaches of this agreement all rights and obligations will be terminated as Licensor has right to do so. The Licensee will be held liable for any legal damages that might occur if there is any illegal commercial exploitation of the Beat and/or New Song. Any use to make profit of the unauthorized commercial exploitation of this Beat and/or New Song could result in the Licensor taking legal action if necessary. Any monies paid, collected, or received after use of the unauthorized Beat and/or New Song will be subject to possible legal action being taken by the Licensor, including any agreements or monies exchanged to any third parties that help contribute in anyway. The Licensee will be obligated to pay all court cost, attorney fees that are reasonable, and any litigation expenses of those resulting from damages or expenses that may have occurred to the Licensor because of the result of a violation that was made by the Licensee during the term of this agreement. The Licensor has the right to seek a temporary restraining order and/or a preliminary injunction RESTRICTING the Licensee from violating the terms and conditions of the License agreement if necessary. It is to be understood that any breach of this contract agreement made by the Licensee can become a serious issue for the Licensor and has the potential to cause substantial irreversible damage that may not be recoupable for the Licensor, depending. The Licensor has the right to pursue any legal ways possible to help recoup and recover any damages that was caused by the Licensee.
Breach of License Agreement. A breach of Dental Care Alliance, Inc.'s Administrative Service Agreement by Licensee shall be considered a breach of this License Agreement and a breach by the Licensee of the Dental Care Alliance License Agreement shall be considered a breach of the Dental Care Alliance, Inc.'s Administrative Service Agreement.
Breach of License Agreement. Any failure of the Licensee to comply with the terms of this license agreement, shall void any license(s). Upon the Company's request the Licensee must destroy or cause the destruction of all copies of the Software.
Breach of License Agreement. A material breach by the Borrower with respect to any provision of the License Agreement, which material breach is not cured as provided for therein, or the License Agreement shall terminate or cease to be valid, binding and enforceable, or shall be cancelled or revoked by any party thereto.
Breach of License Agreement. Any breach by Xxxxx under the License Agreement (after giving effect to any applicable cure period specified therein) which prevents Xxxxx Holdings from enjoying in any material respect the use of the Licensed Marks as contemplated under the License Agreement.
Breach of License Agreement. ACS acknowledges and agrees that certain rights of Cook to utilize paclitaxel coatings are derived from a license agreemxxx between Cook and Angiotech Pharmaceuticals, Inc. ("Angiotech") dated July 9, 0000 (the "License Agreement"). In the event Cook receives notice that Cook is in default or breach under any of txx xerms of the License Agxxxxent, Cook promptly shall investigate such allegations and shall use its bexx xfforts to resolve such claim of default or breach, which efforts shall include without limitation (a) immediately setting a meeting with Angiotech or any other interested parties in an attempt to determine the basis for such claim of alleged default or breach and resolution thereof, (b) in the event resolution does not occur on an informal basis, seeking immediate relief under the provisions of the License Agreement to arbitrate the alleged default or breach to seek final resolution thereof, and (c) to the extent permitted under the License Agreement, immediately seek any other remedy available to Cook to resolve the alleged default or breach. [***]. Cook agrees to xxxx ACS informed of all of the foregoing proceedings, xxxvided, however, that all decisions made therein shall be made by Cook in its sole and absolute discretion.
Breach of License Agreement. Any breach by Trump under the Xxxxxse Agreement (after giving effect to any applicable cure period specified therein) which prevents Company from enjoying in any material respect the use of the Licensed Marks as contemplated under the License Agreement.
Breach of License Agreement. In the event that Investor notifies the Company of the occurrence of a material breach by the Company in accordance with the terms of the License Agreement which breach is not rectified in the opinion of Investor in accordance with the terms of the License Agreement, then the restrictions set forth in Section 4.1 shall terminate and be of no further force and effect. The Company agrees to remove any existing stop transfer instruction if such breach is not rectified in the opinion of Investor.The Company would reserve the right to challenge such determination of a breach under the License Agreement..
